West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1887-05-05
WEEKLY TRADE REVIEW.
Harmful ELECTS OF tho Interstate
Law. Better Demand i'm Soino
branches

Harmful ELECTS OF tho Interstate
Law. Better Demand iu Some
Branches
RIO. Dun 4 Co. weekly review Of trade Says
Tho Interstate bill Is doubtless charged with
much interruption of business that docs not
bolopg to Il, hut during the past week evil
denc,s having multiplied OF it's harmful ef-
feet. by convincing proof that Bostons
export trade would loo destroyed, IL custo'
mary rebates and favorng rates wcrc refu'
sed, the commission was led TO virtually sus-
pond the operation OF tho second section. for
tho benefit of tho Boston roads. Pacific
railroads obtain exemption, and reduced
their rates, except the Union Pacific. which
was 10y error omitted In session at Atloy N
the commission was informed Of many
projected Enterprises, contracts for
which had been suspended until tic
question OF rates could bo settled,
contract for G0,OJO tons OF paying at MARI
boro. N. H., was refused, rates being adj
ynnced three times as much aS the expected
profit. Vast quantities OF freight nccumu-
late at many points awaiting results OF ap-
peala TO tho commission. Louisville mer~
chants offer complaints TO injury i'm somo
trades; New Orleans expected Improvement;
but realizes none and finds business upset;
Cleveland fcOls tho injury in important
branches; Hartford manufacturers Dod that
tho act threatens to exclude them from many
markets; Pittsburg and Philadelphia ottrib'
ute 20 tho not much dullness, and iron manu-.
features hold that they have already sustain
ed large aggregate loss. Thus while reac-
ton after he exceptional activity OF March
,t.l Al md la
Ance certainly results from the new law, nnd
especially from the uncertainty no 70 its 30,
quiremonts,
FAVORABLE REPORTS OF TRADE.
General reports OF trade are nevertheless
favorable and 1t Is cheering TO note how
hopeful n spirit is everywhere expressed.
Money is generally in good supply, though I'm
demand at Nashville, and tighter at New Or
cans. Collections continue fair, with inn
provements at Milwaukee aud Cincinnati,
except In trades affected by strikes Ia build
| ing and manufacturing; very good at Nnsh-
vile, except in tho tobacco trade, and less
delayed than might DO expected where rem
estate speculation RACES. At many points
the unreasonable weather embarrasses.
The condition OF leading branches OF busi-
ness is apparently improving. A brighter
| sky Is seen in tho boot aud shoe trade, with
increasing orders. A better demand is seen
for some kinds Of leather, and tho prices for
| the new clip OF wool at the West ara higher
than was expected, THOUGH in Eastern mar
kets there is no change. Cotton has been
slightly advanced by manipulation; cotton
goods are at present in moderate request, and
| print cloths IA shade lower but tho fleet OF
exceptional purchases in March has not yet
| passed. Wheat rose during the week and
reacted again. The battle between Western
farmers, vino think higher rail rates should
DO borne by consumers, and the worlds mar
kets, which refuse 10 advance, does not 30
! In favor OF the farmers thus far. CofR-e has
| been feverish.
| IRON UNSETTLED.
| or all the great industries, the iron manu-
facturo IL most unsettled because interstate
78enges may check railroad building, while
! ,,ro proj ,cted increase in production Of iron
| is heavy.
The business failures occurring Trough
| cut the country during the past seven days
/ ,,,,,,., for tho IJnitod States i64 aud for